Which One of the Following Statements Best Describes the Monetarist

question 92

Multiple Choice

Which one of the following statements best describes the monetarist view of economic stabilization?

• A)Discretionary policies often do more harm than good.
• B)Monetary policy should be used to fine-tune the economy.
• C)Fiscal policy is more effective than monetary policy.
• D)Both monetary and fiscal policy are unable to influence output,employment,and the price level.
• E)Discretionary policies are not very helpful but neither are they particularly harmful.

---

Definitions:

Labor Force

The total number of people who are available to work, including both employed and unemployed individuals actively seeking employment.

Developed Countries

Nations with generally advanced technological infrastructure, high levels of income, and comprehensive social support systems.

Extreme Hunger

Severe deficiency in caloric intake or the extreme lack of food leading to acute malnutrition.

United Nations

An international organization founded in 1945 to promote peace, security, and cooperation among countries worldwide.